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first_img Better launches Bitcoin-backed mortgage product with Coinbase

Better Mortgage and Coinbase announced the full launch of their Bitcoin-backed mortgage product, allowing U.S. homebuyers to use Bitcoin as collateral for a down payment without having to sell it. This product combines Fannie Mae-supported home loans with independently secured down payment loans backed by Bitcoin, requiring borrowers to pledge Bitcoin worth at least 250% of the down payment loan. The pledged assets will be held in a Better custodial account on Coinbase Prime.Both loans enjoy the same interest rate and amortization period, repaid through a single monthly payment; the pledged Bitcoin will be returned after the mortgage is fully paid off or refinanced. A drop in Bitcoin prices will not trigger a margin call or change the loan terms, but if the borrower is 60 days overdue, Better has the right to liquidate the pledged Bitcoin. Borrowers must be U.S. residents and hold a verified Coinbase account, and Coinbase One members can enjoy up to $10,000 in 1% cashback.This product was first announced in March of this year and opened for early experience. Previously, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac in June 2025 to study the incorporation of cryptocurrencies into mortgage risk assessments; mortgage lender Newrez also announced in January that it would recognize certain cryptocurrency assets when evaluating mortgage applications starting in February.

first_img Coinbase's Chief Policy Officer rebuts the American Bankers Association: There is no evidence that stablecoin rewards lead to bank deposit outflows

According to CoinDesk, Coinbase Chief Policy Officer Faryar Shirzad wrote an article for CoinDesk rebutting the arguments made by the American Bankers Association (ABA) against the stablecoin reward provisions in the Clarity Act. ABA CEO Rob Nichols claimed that only minor wording changes were needed to strengthen the bill and warned that allowing stablecoin rewards would lead to a loss of deposits for community banks.Shirzad pointed out that Coinbase has been paying stablecoin rewards for USDC for over four years, while community bank deposits grew by 26% from June 2019 to March 2026, amounting to approximately $482 billion.Shirzad cited research from Charles River Associates and the Economic Advisory Council stating that there is no significant correlation between stablecoins and bank deposits. He emphasized that the credit card industry was built on reward mechanisms, and the banking industry itself relies on this model. The current text of the bill was reached after months of negotiations between Senators Tillis and Alsobrooks and bank representatives, clearly delineating the boundaries: prohibiting returns on idle funds but allowing compensation for real activities.Shirzad believes that the Clarity Act will grant banks the broadest statutory powers since the Gramm-Leach-Bliley Act of 1999, including custody, staking, lending, payments, clearing, and market-making, with community banks benefiting the most. He called on all parties to accept this compromise and work together to advance the bill.

first_img Bitwise launches an automated portfolio based on Coinbase tokenized stocks

Digital asset management company Bitwise announced the launch of a Tokenized Stock Automated Portfolio (ATP), allowing eligible investors to hold and automatically rebalance a basket of U.S. stocks directly in their crypto wallets. These products utilize tokenized U.S. stocks recently launched by Coinbase, with rebalancing executed by portfolio technology provider Glider based on a model designed by Bitwise, currently available only to qualified investors outside the U.S.The first portfolios cover configurations focused on AI, robotics, and an expanded version of the "Big Seven" U.S. stocks, which includes weighted allocations to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, along with SpaceX. Bitwise Chief Investment Officer Matt Hougan stated that for over a century, accessing professional models meant handing assets over to funds, whereas ATP allows investors to keep their assets in their own wallets while the model actively seeks them out.The announcement came a day after Coinbase launched tokenized stocks for Apple, Nvidia, Meta, and Alphabet on the Base network. Bitwise is an asset management company managing approximately $9 billion in assets and has recently ventured into on-chain asset management businesses such as DeFi treasury curation. Glider is a specialized firm in automated portfolios and earlier this year collaborated with Ondo Finance to provide personalized portfolios using its tokenized stock products.
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